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>>>i d't think there is any ving thi economy. i think they eily could be two or 300 basis points, definitel higher. neil: that is nt bad n the scheme of things. at the time, that seemed great. but that three or 4%, i don't dismiss it. >> i was 15 or 20 years ago. >> look at the housing market. we have a tepid recoverhere. they drove the 30 year mortgage rate down to 3.2%. neil: it is still continuing. >> n i think what you have is a mini bubble in the housing market. neil: you do not buy this housing recovery? >> n i do not. [laughter] i mean, obviously i haae owned a home for a long time. but the point am making is that a recovery that you are seeing is due to low interest rates and some speculator. small timers and big hdge fund ople. it isn't a real, sustainabe healthy recvery. neil: what would david stockman do right now? the irs overreach, et ceera. what is your fear cometh you had to intervene right now. >> i wou tl the public the truth. number one that the fed is nnt designed to hold interest rates way below eonomic levels
>>>i d't think there is any ving thi economy. i think they eily could be two or 300 basis points, definitel higher. neil: that is nt bad n the scheme of things. at the time, that seemed great. but that three or 4%, i don't dismiss it. >> i was 15 or 20 years ago. >> look at the housing market. we have a tepid recoverhere. they drove the 30 year mortgage rate down to 3.2%. neil: it is still continuing. >> n i think what you have is a mini bubble in the housing market....
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>> dramatically over forecasting the economy. fourteen years, the last one ended and there's never been 14 years like that. we are going to have wage growth of 5.3% a year. so if you adjust real world super economics, you're looking at this. neil: sometimes you cannot not so sober and surprises. like 14 years ago you could have argued this. you could have pleasant surprises. neil: what you think about this? only bring you an internet boom? >> well, edge was a technological development and a great thing. neil: we are not always sold by3 this. >> the fed clearly is. we have a decade packed with zero interest rates and we are not always intervening in this way. >> well, they ought to stop right now. but the market is totally hooked on this monetary heroism. then they will begin to taper back or reduce the 85 billion. neil: so they should resist the hissy fit and moveon? >> yes, that is what they have been unwilling to do ever since greenspan punted in 1998 at the long-term capital time. time after time they have been doing the same
>> dramatically over forecasting the economy. fourteen years, the last one ended and there's never been 14 years like that. we are going to have wage growth of 5.3% a year. so if you adjust real world super economics, you're looking at this. neil: sometimes you cannot not so sober and surprises. like 14 years ago you could have argued this. you could have pleasant surprises. neil: what you think about this? only bring you an internet boom? >> well, edge was a technological...
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rohani called for moderation and for reviving iran's economy. in recent years, international sanctions aimed at rean's nuclear program helped fuel rising inflation and high unemployment. rohani presided over nuclear talks with the west between 2003 and 2005. but today the president elect was not support ceasing iranian enrichment. >> we will make nuclear talks more active. this is a problem. solution to the nuclear problem is just talks. neither threats nor sanctions will work. >> ifill: he left open the door to improving relations with the united states. >> the problem complicated and difficult. there's an old wound that should be dealt with with prudence. of course we are not seeking tension or increase can the tension. common sense says our two countries should think about the future more than the past. >> u.s. officials cautiously welcomed rohani's victory but state department spokeswoman said the obama administration wants to see more. >> we look forward to him and are hopeful that he will fulfill the campaign promises he made to the irania
rohani called for moderation and for reviving iran's economy. in recent years, international sanctions aimed at rean's nuclear program helped fuel rising inflation and high unemployment. rohani presided over nuclear talks with the west between 2003 and 2005. but today the president elect was not support ceasing iranian enrichment. >> we will make nuclear talks more active. this is a problem. solution to the nuclear problem is just talks. neither threats nor sanctions will work. >>...
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good news for the south bay economy. in san jose, kris sanchez, nbch bay area news. >>> we have breaking news at the caltrans station on 22nd street in san francisco. service has been shut down in both directions because police are trying to apprehend an armed man on the overpass above that station. minutes ago we learned that caltrans officials said hostage negotiators were able to talk the man down with no further incident. he's now in custody. caltrans is still making arrangements for other trains to carry riders to the millbrae station where they can take part until they get back up to speed. caltran tickets are being honored on bart evening. a spokesperson says to expect significant delays. >>> a teenage driver in jail after a late night beer run ends in a deadly crash in san jose. police say that two men were racing away after stealing beer at a 7-eleven on branham lane when they crashed into several parked cars. this happened about 2:00 this morning at the intersection of hillsdale and pearl. the 40-year-old passe
good news for the south bay economy. in san jose, kris sanchez, nbch bay area news. >>> we have breaking news at the caltrans station on 22nd street in san francisco. service has been shut down in both directions because police are trying to apprehend an armed man on the overpass above that station. minutes ago we learned that caltrans officials said hostage negotiators were able to talk the man down with no further incident. he's now in custody. caltrans is still making arrangements...
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is it possible to navigate the economy with all the details such as text and misinformation and media hype keep you up to date by decoding the mainstream have stated it's been your right. here's mitt romney trying to figure out the name of that thing that the americans call. the guy here's what. you know what i. want to feature is the only liberal approach. to the sort of. religious liberty to distract us from what you and i should care about because there are profit driven industry that sells a sensationalistic garbage because that breaking news i'm out to martin and we're going to break this that. you know how sometimes you see a story and it seems so for like you think you understand it and then you glimpse something else and you hear or see some other part of it and realize that everything you thought you knew or you don't know i'm sorry welcome to the big picture. welcome back week three of the bradley manning trial kicked off today with testimony focusing on certain documents related to the guantanamo bay detention facility in particular the threat levels of the individual detai
is it possible to navigate the economy with all the details such as text and misinformation and media hype keep you up to date by decoding the mainstream have stated it's been your right. here's mitt romney trying to figure out the name of that thing that the americans call. the guy here's what. you know what i. want to feature is the only liberal approach. to the sort of. religious liberty to distract us from what you and i should care about because there are profit driven industry that sells...
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to open its nuclear program to international scrutiny and the resulting sanctions have crippled the economy. today rouhani signaled a new more open approach. "we are ready to show more transparency to the world" he said. rouhani is 64 years old, a cleric with a law degree from scotland. sc's also known as a bridge builder who was once iran's chief nuclear negotiator. in 2003, he put that program on pause to pave the way for talks with the west. sir richard dalton, back then britain's ambassador to iran, said rouhani could steer the way to talks again. >> provided by the united states and its negotiating partners come forward a little way to meet iran it should be possible to get a first stage confidence building agreement on the nuclear question. >> reporter: asked specifically today about iran's relations with the united states, rouhani said "there's an old wound between the two countries that needs to be healed." jubilant iranians spilled into the streets to celebrate rouhani's win. although they won't know for some time just how much of a reformer he turns out to be. >> pelley: elizabeth
to open its nuclear program to international scrutiny and the resulting sanctions have crippled the economy. today rouhani signaled a new more open approach. "we are ready to show more transparency to the world" he said. rouhani is 64 years old, a cleric with a law degree from scotland. sc's also known as a bridge builder who was once iran's chief nuclear negotiator. in 2003, he put that program on pause to pave the way for talks with the west. sir richard dalton, back then britain's...
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it started as a protest against the backdrop of a declining economy, lack of jobs, corrupt government and excitement with what was going on in the arab world. he followed the tactic of his father, and he said they would strike precisely. they have used brutality they're unleashed every weapon that we're aware of in their arsenal against the population. that they are terrorists is a--there are terrorist factions among the rebels. are they all terrorists? no. but it's a mixed bag. and he has chosen that rationale to tell the world you've got to either stay with me or what will come after me will be much worse for you than what you see today in syria. >> john: indeed. it's very terrifying, and one can only hope that president obama and putin have taken the time to talk to each other and hopefully flush out a way to deal with the-- >> i doubt it. >> cenk: i doubt t too but i'm paid to be an optimist. ambassador richard murphy. thank you for joining us. up next we'll look at the around the clock coverage of the miss teen pageant. when we come back. view this week on our hard hitting journa
it started as a protest against the backdrop of a declining economy, lack of jobs, corrupt government and excitement with what was going on in the arab world. he followed the tactic of his father, and he said they would strike precisely. they have used brutality they're unleashed every weapon that we're aware of in their arsenal against the population. that they are terrorists is a--there are terrorist factions among the rebels. are they all terrorists? no. but it's a mixed bag. and he has...
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economy and 85 billion pounds to the rest of the world. two million extra jobs, more choice and lower prices in our shops. we're talking about what could be the biggest bilateral trade deal in history. a deal that will have a greater impact than all the other trade deals put together. when we last met at camp david and suggested we could reach this moment many doubted it would be possible. everyone knows these trade deals are difficult. some take years to get off the ground and some never happen at all. it's a testament to the leadership of everyone here we've reached this point. we must maintain that political will in the months ahead. -- once in a generation opportunity and we must seize it. >> today we announced we will start negotiations of a transatlantic trade and partnership agreement. frankly, two years ago few bet that today we'd be in a position to launch negotiations of an ambitious united states free trade agreement. and when the teams of the commission will meet for the first round of negotiations next month, it will be the st
economy and 85 billion pounds to the rest of the world. two million extra jobs, more choice and lower prices in our shops. we're talking about what could be the biggest bilateral trade deal in history. a deal that will have a greater impact than all the other trade deals put together. when we last met at camp david and suggested we could reach this moment many doubted it would be possible. everyone knows these trade deals are difficult. some take years to get off the ground and some never...
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find out what's really happening to the global economy with mike's cancer for a no holds barred look at the global financial headlines tune in to conjure reports . in screw news when natalie gunn shannon opened up an envelope for mcdonald's she thought she was getting her paycheck for the three week period she worked at a shaver town pennsylvania wing of that fast food chain and she got instead was a chase bank debit card and information on how to open up a bank account a process which in this case could have led to a multitude of fees and surcharges and as soon spent dolls' was making ms channon pay to get her paycheck she has now quit her job along with some of her coworkers and joined in on a class action lawsuit seeking punitive and compensatory damages from her former employer. in light of today's increasingly d. unionized and service sector oriented workforce is gone shannon story is a frightening one is this just a bad story or the sign of a growing trend let's ask independent journalist sarah jaffe sarah welcome back hi tom thanks for having me thanks for joining us again fir
find out what's really happening to the global economy with mike's cancer for a no holds barred look at the global financial headlines tune in to conjure reports . in screw news when natalie gunn shannon opened up an envelope for mcdonald's she thought she was getting her paycheck for the three week period she worked at a shaver town pennsylvania wing of that fast food chain and she got instead was a chase bank debit card and information on how to open up a bank account a process which in this...
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we have a slow-growing economy. despite those challenges, and the things that strikes me is some people are starting talk about a new normal. i think as citizens, as leaders of the enterprise, whether it is business or policy or politics, we owe it to the american citizenry to reject that new normal notion. i am here to tell you today that energy provides us an opportunity to do just that. people are already working on it, right? vice chair of the atlanta federal reserve board and monetary policy is doing everything they can do from a fiscal policy standpoint, a lot more work needs to be done. i consider fiscal policy right now. i want you to consider something that i live with everyday. when i consider the families we serve in the southeast, 48% of these families take less than $40,000 a day. these days -- these families make tough kitchen table decisions every day. the question i put to you and to myself and anybody ideal with, why can't we? i think we owe it to america to address these tough issues and and a way
we have a slow-growing economy. despite those challenges, and the things that strikes me is some people are starting talk about a new normal. i think as citizens, as leaders of the enterprise, whether it is business or policy or politics, we owe it to the american citizenry to reject that new normal notion. i am here to tell you today that energy provides us an opportunity to do just that. people are already working on it, right? vice chair of the atlanta federal reserve board and monetary...
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it's going to help this economy. and this spells it out in dramatic fashion. 3.3% increase in 2023, simply owing to this legislation, 5.4% in 2033, just owing to this legislation. so in summary, i just want to say that c.b.o. estimates are only as good as the assumptions you make, but when they look at this legislation in a dispassionate way, as nonpartisan as they can get, they come up with figures that show that net revenue over expenses is quite substantial, over $700 billion over a 20-year budget window and that economic output would increase 3.3% by 2023, 5.4% by 2033. that, madam president, is significant. i think it bears noting. i yield back the floor. the presiding officer: the senate stands adjourned until 9:30 a.m. tomorrow. i encourage them to file amendments, come to the floor, and offer them. i share the majority leader's wish to be partners on this important legislation. we know of the immigration system is sorely in need of reform. now is the time to do it. as we dispose of several amendments to the b
it's going to help this economy. and this spells it out in dramatic fashion. 3.3% increase in 2023, simply owing to this legislation, 5.4% in 2033, just owing to this legislation. so in summary, i just want to say that c.b.o. estimates are only as good as the assumptions you make, but when they look at this legislation in a dispassionate way, as nonpartisan as they can get, they come up with figures that show that net revenue over expenses is quite substantial, over $700 billion over a 20-year...
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and if you look at our economy, our economy which is beginning to gain strength, the economy is beginning to get its legs under it, it, too, needs the labor market certainly that would come from immigration reform. so let's seize this opportunity, mr. president, to pass commonsense legislation that our constituents expect. mr. president, i'm looking right over the dais and on -- above the dais i see e pluribus unum. out of many, one. that's a simple motto, it's engraved in this great senate chamber, and it's one of the daily reminders that we are a nation of immigrants. throughout our history, millions of immigrants, including my ancestors and yours braved hardship and great risks to come here. and why was that, mr. president? they sought freedom, they sought opportunity, they wanted a better life for their families. and today's immigrants in that same spirit continue to brave great risks and hardship to attain the american dream. we've heard from fellow americans who are opposed to fixing our broken system, those who, unfortunately, see immigrants as a burden on our country or who want t
and if you look at our economy, our economy which is beginning to gain strength, the economy is beginning to get its legs under it, it, too, needs the labor market certainly that would come from immigration reform. so let's seize this opportunity, mr. president, to pass commonsense legislation that our constituents expect. mr. president, i'm looking right over the dais and on -- above the dais i see e pluribus unum. out of many, one. that's a simple motto, it's engraved in this great senate...
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>> well, part of it i think is release is the fragility of the housing market in the economy. when the fed is buying a massive amounts of mortgage-backed securities, is probably not a time to try to turn over to the private sector. so, but, you know, we reach the point now that i think it is seriously -- and i am very pleased that congress, particularly the senate, is working on a bill because it is time to start the dialogue. make your to, but think it is time to start thinking about what the future should be. >> what do you think are the preconditions to ' would need to be agreed to as a step on the way up conservatorship? what is the context that would get us out -- to the promised land of some kind of future? >> you know, there is all series of principles that would have to be discussed. i think, you know, we own banks or investors in banks outside of the u.s., so we are used to seeing banks owning more is in this country. i think we need to get some of those banks back in, and they're starting to buy mortgages in this country, but they're not going to do 30-year fixed-rat
>> well, part of it i think is release is the fragility of the housing market in the economy. when the fed is buying a massive amounts of mortgage-backed securities, is probably not a time to try to turn over to the private sector. so, but, you know, we reach the point now that i think it is seriously -- and i am very pleased that congress, particularly the senate, is working on a bill because it is time to start the dialogue. make your to, but think it is time to start thinking about...
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i think we are in a tough economy at the moment. unemployment is at 7.5%, people have watched their wages go down and their incomes are not increasing. people today using food stamps thought they would never have to use a program to allow them to help to feed their families. we can take a look at restructuring but i do not believe the benefit level should be dropped. caller: thank you for taking my call, let me get the straight. you want to raise our health care, you want to make more money for healthcare and you want to give a program -- that we should trust you, that we should believe that you will restructure it. you know people are taking advantage of this program. host: are you talking about food stamps? caller: yes. when you think this money is coming from? guest: thank you for calling, i appreciate the call. i disagree with your premise. lately, you are saying that with the affordable care act we are moving into the invitation of the program, but already you are looking at places like california, vermont, oregon, and other st
i think we are in a tough economy at the moment. unemployment is at 7.5%, people have watched their wages go down and their incomes are not increasing. people today using food stamps thought they would never have to use a program to allow them to help to feed their families. we can take a look at restructuring but i do not believe the benefit level should be dropped. caller: thank you for taking my call, let me get the straight. you want to raise our health care, you want to make more money for...
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you are looking at some of the most vulnerable people in our economy today. a cut, it is just not a cut of an increase. it would cut the program back -- back. which in my view at this time is a very difficult economy and food stamps -- you'll take my word and take a look at literature about how food stamps has helped people get out of poverty. why would we want people to fall back into it? we've had the highest rate of poverty that we have had in the united states today. host: democrat representing the third district on her 12 term. she served as ranking member on health and labor services and also served on the committee of agriculture, rural develop and and the fda. our next caller is bob in virginia democrat. caller: hi, i just said i strongly agree, she talks about spending priorities. if president obama would immediately cancel this 100 might tell her trip to africa, we could take all of that money and feed all of the hungry children in america. guest: guest: guest: well sir that is your point of view, we believe in the global economy today and we have i
you are looking at some of the most vulnerable people in our economy today. a cut, it is just not a cut of an increase. it would cut the program back -- back. which in my view at this time is a very difficult economy and food stamps -- you'll take my word and take a look at literature about how food stamps has helped people get out of poverty. why would we want people to fall back into it? we've had the highest rate of poverty that we have had in the united states today. host: democrat...
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who will be the person who will have to withdrawal the massive stimulus and what will happen to the economy and the stock market when that happens. >>> health care prices are going up. costs rise 6.5% next year. that includes doctor visits, drugs, surgery, prices are rising faster than inflation. that's not a news flash. here is the good news. this year, prizes rose 7.5%. it's because people are becoming more cost conscious. they are cutting down on doctor visits and choosing cheaper providers. >>> coming up, cliff rescue. two teenage boys stranded at the top of the cliff and they had no way down. we'll show you the rescue caught on camera. look at that. it's coming up next. the first time i saw a sony 4k tv, it was like opening my eyes. it's four times the detail of hd. colors become richer. details become clearer. which for a filmmaker, changes everything. because now there are no more barriers between the world that i see and the ones i can show you. the sony 4k ultra hd tv. >>> defending the nsa, president obama on the record about why the controversial surveillance program isn't as inv
who will be the person who will have to withdrawal the massive stimulus and what will happen to the economy and the stock market when that happens. >>> health care prices are going up. costs rise 6.5% next year. that includes doctor visits, drugs, surgery, prices are rising faster than inflation. that's not a news flash. here is the good news. this year, prizes rose 7.5%. it's because people are becoming more cost conscious. they are cutting down on doctor visits and choosing cheaper...
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in particular, he credits president putin for modernizing the russian economy. an added benefit from the attention this story gathered eight years ago was the creation of some patriots fan clubs in russia." joining me now is executive producer of "rachel maddow show," bill wolfe, who is also a former producer at fox sports and espn. no more qualified person to weigh in on this. >> or less, alex. >> okay. so an international incident. >> yeah. >> the bush administration apparently got involved in this anecdote. >> you believe that? >> maybe i will read -- a spokesman for putin today said the ring was clearly a president. what mr. kraft is saying is now weird, said dimitri peskov, a spokesman for putin. "i was standing 20 krmds" -- you have to do the metric conversion. "away from mr. putin and saw and heard how mr. kraft gave this ring as a gift. the russian president does not wear the ring. it is on display at the kremlin's library where all official state gifts are kept." who knew a super bowl ring was worth this much hullabaloo? >> i don't know if there's a pic
in particular, he credits president putin for modernizing the russian economy. an added benefit from the attention this story gathered eight years ago was the creation of some patriots fan clubs in russia." joining me now is executive producer of "rachel maddow show," bill wolfe, who is also a former producer at fox sports and espn. no more qualified person to weigh in on this. >> or less, alex. >> okay. so an international incident. >> yeah. >> the bush...
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economy. more than credit cards. more than used cars. yet we are standing here 12 days before the doubling of this rate, we are debating a bill which is right in the middle of the polarized gridline politics that the american voters rejected soundly in the last election rather than dealing with the bread and butter issues that really matter to young americans and middle class families all across this country. the fact of the matter is we know, young people in this country need to get a post high school degree, whether it's a two-year degree or four-year degree. the stafford student loan program is the workhorse of providing affordable loans for millions of students. 7.5 million students use the stafford subsidized student loan program. yet if we don't act in 12 days, that 7.5 million are going to see their interest rates double to 6.8%. we may hear from the other side, we took up a bill on may 23, h.r. 1911, a bill with a variable rate that we now know from the congressional budget office which you are to report this past monday will be
economy. more than credit cards. more than used cars. yet we are standing here 12 days before the doubling of this rate, we are debating a bill which is right in the middle of the polarized gridline politics that the american voters rejected soundly in the last election rather than dealing with the bread and butter issues that really matter to young americans and middle class families all across this country. the fact of the matter is we know, young people in this country need to get a post...
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both of which said let's stop talking about abortion and rape and start talking about jobs and the economy. and yet here we go. what is the house voting on? you cover it. this is their bill. >> they have a few things on the agenda. that is one of their prime legislative items. i think it will be later today or tomorrow. >> bill: so how does this -- again, i agree with you. we're not debating abortion here right? let's talk about the tactics of it. how does this expand the base and the outreach of the republican party? >> two women it doesn't -- to women, it doesn't help. >> bill: anybody they don't already have. >> especially when it comes to -- you know, when you're working on bills like this and it leads to moments that we heard from the arizona congressman with the rape and the pregnancy. >> when you have a full plate you make it fuller then there starts to be what i think of as seepage. meaning as you're trying to make the deal for a very important complicated bill like immigration, when you go talk to someone, if you're a whip or one of the lawmakers then you know. you have to say i c
both of which said let's stop talking about abortion and rape and start talking about jobs and the economy. and yet here we go. what is the house voting on? you cover it. this is their bill. >> they have a few things on the agenda. that is one of their prime legislative items. i think it will be later today or tomorrow. >> bill: so how does this -- again, i agree with you. we're not debating abortion here right? let's talk about the tactics of it. how does this expand the base and...